Net profit of Hero MotoCorp rose 47.29% to Rs 1045.89 crore in the quarter ended June 2024 as against Rs 710.10 crore during the previous quarter ended June 2023. Sales rose 15.36% to Rs 10210.79 crore in the quarter ended June 2024 as against Rs 8851.01 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales10210.798851.01 15 OPM %13.7812.62 - PBDT1613.101321.67 22 PBT1407.661141.93 23 NP1045.89710.10 47 Powered by Capital Market - Live News

Hero MotoCorp has allotted 49,008 equity shares under ESOP on 12 August 2024. With this allotment, the paid-up share capital of the Company has increased to Rs. 39,99,60,236/- divided into 19,99,80,118 equity shares of face value of Rs. 2/- each. Powered by Capital Market - Live News

Hero MotoCorp sold 370,274 units of motorcycles and scooters in July 2024 compared to 391,310 units in July 2023, recording a decline of 5.37%. Total sales comprise of domestic sales of 347,535 units and exports of 22,739 units. The company has sold 1,905,430 motorcycles and scooters in FY`25 so far (April-July) reflecting a growth of 9.3% over the corresponding period of FY`24, when it sold 1,743,884 unitsPowered by Capital Market - Live News

Hero FinCorp has filed a Draft Red Herring Prospectus (DRHP) dated 31 July 2024, with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in connection with the initial public offering of its equity shares of face value of Rs 10 each comprising of a fresh issue of equity shares aggregating up to Rs 2100 crore and an offer for sale of equity shares aggregating up to Rs 1568.13 crore by certainexisting and eligible shareholders of Hero FinCorp. The offer is subject to receipt of regulatory approvals, market conditions and other considerations.Powered by Capital Market - Live News

Hero MotoCorp has commenced operations in the Philippines. This strategic expansion marks a significant milestone in the company`s efforts to strengthen its global presence. Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive groups in the Philippines, will serve as the exclusive assembler and distributor of Hero MotoCorp products & services. The partnership between the two companies was announced in October 2022.A state-of-the-art assembly unit and parts warehouse has been set-up at Terrafirma Motors Corporation in Laguna, Philippines. Spanning over 6,000 sq. mtrs, the facility boasts an annual capacity of over 150,000 units. Powered by Capital Market - Live News